Gazprom Accelerates Pipeline Gas Transports to China

Russia is accelerating its natural gas exports to China through the Power of Siberia pipeline, aiming to hit maximum capacity by the end of 2024—a full year ahead of schedule. Gazprom, Russia's state-run energy giant, has agreed with China National Petroleum Corporation (CNPC) to boost December supplies, reaching the pipeline's designed capacity of 38 billion cubic meters (bcm) annually. This increase in gas flows reflects Russia's pivot towards China, as Moscow seeks to replace lost European buyers following its invasion of Ukraine. Gazprom…